Morning Brief: $64 billion in deals to start the week

What to watch today

After a hectic week that saw Amazon (AMZN), Facebook (FB), and Alphabet (GOOGL, GOOG) all report earnings, the week ahead will continue the abundance of headline earnings reports and blockbuster economic data. The busy week of earnings will be punctuated by results from Apple (AAPL) after the market close on Tuesday. Other notable companies reporting earnings this week include Tesla (TSLA), McDonald’s (MCD), Merck (MRK), Pfizer (PFE), Snap (SNAP), Under Armour (UAA), Mastercard (MA), Metlife (MET), Square (SQ), Yum Brands (YUM), and CBS (CBS), as well as the first quarterly report for Spotify (SPOT) since the company’s direct listing in early April.

Marathon Petroleum to buy Andeavor for more than $20 billion: The cash-and-stock deal, which values pipeline and refining company Andeavor (ANDV) at about $150 a share, is expected to be announced Monday. That would be a roughly 23% premium over Andeavor’s closing price Friday after the stock surged about 50% in the past year. [WSJ]

Sainsbury’s to buy Asda from Walmart for $10.1 billion: Sainsbury’s has agreed to buy Walmart Inc.’s (WMT) U.K. unit, Asda, for 7.3 billion pounds ($10.1 billion) in cash and stock in a deal that would create Britain’s largest supermarket chain and marks a seismic shift in the country’s grocery market. [AP]

‘Infinity War’ opens with record $250M, passing ‘Star Wars’: “Infinity War,” which brings together some two dozen superheroes in the 10-year culmination of Marvel Studio’s “cinematic universe,” also set a new global opening record with $630 million even though it’s yet to open in China, the world’s second-largest movie market. It opens there May 11. [AP]

Members of a caravan of migrants from Central America climb up the border fence between Mexico and the U.S., as a part of a demonstration prior to preparations for an asylum request in the U.S., in Tijuana, Mexico, April 29, 2018. REUTERS/Edgard Garrido